California Statutes
§ 50058.5. — 50058.5. (Added by Stats. 1982, Ch. 320, Sec. 3.)
California § 50058.5.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 1.PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS
Ch. 2.CHAPTER 2. Definitions
This text of California § 50058.5. (50058.5. (Added by Stats. 1982, Ch. 320, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Health and Safety Code - HSC Code § 50058.5. (2026).
Text
“Buy-down mortgage plan” is a program by which the effective interest cost to the purchaser of a real property is reduced below market rates through supplemental payments by the agency to a qualified mortgage lender in return for which the agency shall obtain from the purchaser an interest-bearing note secured by a subordinated mortgage on the property which is purchased.
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Legislative History
Added by Stats. 1982, Ch. 320, Sec. 3. Effective June 29, 1982.
Nearby Sections
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